African Lions Fund, a BVI domiciled private fund to invest in sub-Saharan Africa ex-South African equity markets, is set to launch for trading in October, according to CEO of the Investment Manager, ST Funds Management, Tim Staermose.
Ninety One, a JSE- and LSE-listed investment manager, in association with Ethos Private Equity has launched an impact investment initiative, the Ninety One SA Recovery Fund.
The Oikocredit International Support Foundation (ISUP) has launched a coronavirus solidarity fund to support small business in Africa, Asia and Latin America that are struggling to find the means to comply with regulations due to Covid-19.
South Africa’s GreenCape and National Treasury’s Jobs Fund have launched an approximately R488m Green Outcomes Fund (GOF), which provides outcomes-based matched funding to local investment funds to support investments into green local Small, Medium and Micro-sized Enterprises (SMMEs).
Vital Capital, an impact investor focused on companies in sub-Saharan Africa, has announced a new debt facility providing loans to promising businesses to help them get through the coronavirus pandemic while continuing to offer essential services.
Social Investment Managers and Advisors (SIMA), a new generation of impact investment manager, has launched a $90m senior debt fund targeting off-grid solar energy and financial access in Sub-Saharan Africa and South Asia.
SDG500, a $500m impact investment platform, has launched, combining partners from the private and public sectors, including United Nations entities, non-governmental organisations and a private equity firm, to catalyse investments that will help achieve the Sustainable Development Goals (SDGs).
Norfund has, together with Shuraako, the Danish development finance institution, IFU, and Arsenault Family Foundation, established a $10m fund for supporting small and medium sized companies in Somalia.
Shell Foundation, a UK-registered charity, together with FMO, the Dutch entrepreneurial development bank, have launched the $120m Energy Entrepreneurs Growth Fund (EEGF), with an initial close of $45m.
OP and Finnfund have announced plans to establish Finland’s first impact fund that will invest into emerging markets.
The BlueOrchard Emerging Markets SDG Impact Bond Fund has exceeded the $300m mark since start of fundraising in December 2018.
The African Development Bank alongside donor partners has launched the Africa Digital Financial Inclusion Facility (ADFI), an innovative financing facility designed to accelerate digital financial inclusion across Africa.
BNP Paribas Asset Management (BNPP AM) has launched a new Emerging Markets Equity mutual fund that will have exposure to South African equities. The BNPP AM Emerging Markets Equity Fund seeks long-term capital appreciation by investing in quality companies at a compelling price over a long-term investment horizon.